Quebec-California Carbon Trading Partnership Officially Kicks Off

(Globe and Mail)

The province of Quebec formally linked its cap-and-trade system with California's market on Thursday, as the two jurisdictions plow ahead with ambitious plans to put an escalating price on carbon in order to reduce emissions.

Quebec and California are the only members moving forward with cap-and-trade programs in what was once a promising alliance of 11 states and provinces comprising the Western Climate Initiative that envisaged a North American market for carbon trading.